CoStar Group, Inc. $CSGP Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,897 shares of the technology company’s stock after buying an additional 21,017 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CoStar Group were worth $4,498,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CoStar Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after acquiring an additional 1,208,958 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after acquiring an additional 647,413 shares during the last quarter. State Street Corp boosted its position in shares of CoStar Group by 3.1% during the 3rd quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock worth $1,542,632,000 after purchasing an additional 551,160 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of CoStar Group by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock worth $624,911,000 after purchasing an additional 821,111 shares during the period. Finally, Capital Research Global Investors increased its holdings in CoStar Group by 27.0% in the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock valued at $421,330,000 after purchasing an additional 1,062,452 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $40.88 on Tuesday. The firm has a 50 day moving average of $49.71 and a two-hundred day moving average of $64.09. The stock has a market capitalization of $17.16 billion, a PE ratio of 4,092.09, a P/E/G ratio of 1.06 and a beta of 0.90. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $39.18 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $899.90 million for the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Louise S. Sams purchased 1,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director directly owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research reports. BMO Capital Markets decreased their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Royal Bank Of Canada cut their price objective on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Needham & Company LLC lowered their target price on CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, BNP Paribas Exane started coverage on CoStar Group in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.76.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.